Revel Casino Not Worth Cost Of Build, Union Says - FOX 26 News | MyFoxHouston

Revel Casino Not Worth Cost Of Build, Union Says

Posted: Updated:
ATLANTIC CITY, N.J. -

Atlantic City's main casino union says the Revel is worth only a fraction of what it cost to build.

Local 54 of the "Unite Here" union says the casino is worth between $25 to $73 million but it cost $1.2 billion to originally construct.

The union says it has examined Revel's finances through publicly available documents. It projects Revel will not be profitable until 2024, and Local 54 has been locked in a dispute with the non-union Revel since before it opened.

There was no immediate comment from Revel.

  • Local NewsMore>>

  • Council Rock South Mourns The Loss Of Three Classmates

    Council Rock South Mourns The Loss Of Three Classmates

    Monday, September 1 2014 5:23 PM EDT2014-09-01 21:23:09 GMT
    Three boys from Council Rock South High School died over the weekend when their SUV overturned.
    Three boys from Council Rock South High School died over the weekend when their SUV overturned.
  • Hamels, 3 Phillies relievers no-hit Braves

    Hamels, 3 Phillies relievers no-hit Braves

    Monday, September 1 2014 4:42 PM EDT2014-09-01 20:42:38 GMT
    Cole Hamels and three Philadelphia Phillies relievers combined to pitch a no-hitter Monday, beating the Atlanta Braves 7-0.
    Cole Hamels and three Philadelphia Phillies relievers combined to pitch a no-hitter Monday, beating the Atlanta Braves 7-0.
  • September Sizzle

    Monday, September 1 2014 3:55 PM EDT2014-09-01 19:55:49 GMT

    Summer is not over just yet!  Hot and humid conditions much of the week with temps in the 90's and upper 80's.

    Tuesday (91/72): Clouds/Storm

     

     

     

    Summer is not over just yet!  Hot and humid conditions much of the week with temps in the 90's and upper 80's.

    There is a chance of scattered showers and thunderstorms Tuesday.

    Tuesday (91/72): Clouds/Storm

     

    Wednesday (90/74): Sun/Clouds

     

    Thursday (89/67): Sunny/Hot

     

     

Powered by WorldNow

KRIV FOX 26
4261 Southwest Freeway
Houston, TX 77027

Phone: (713) 479-2801
Fax: (713) 479-2859

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices